Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How bad is it to file bankruptcy twice?

<p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.</p><p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.</p>

Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

4 Best Greeley Bankruptcy Attorneys

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24/7 Legal

Greeley, CO

Clients looking for a bankruptcy attorney can connect with 24/7 Legal. The company has a database of over 20,000 professionals, allowing it to match clients with the right service provider regardless of their location. It connects clients with bankruptcy attorneys who represent both creditors and debtors in chapters 7 and 13 proceedings. These lawyers handle both transactional and litigation matters. 24/7 Legal maintains open communication with clients to ensure that they find the provider that fits their specific requirements.

(970) 438-0379

Carlson Law Office

1109 13th Street, Greeley, CO 80631

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Carlson Law Office is a civil law firm in Greeley that represents clients in bankruptcy filings. The firm, federally recognized as a debt relief agency, pursues bankruptcy through Chapter 7 and Chapter 13 filings. It also offers non-bankruptcy debt relief solutions, including direct negotiation with clients' creditors and debt collectors to reduce their debt load. Carlson Law Office, which was founded in 1999, also offers estate planning, probate law, and trust establishment services.

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Holland Law Office P.C.

1635 Foxtrail Drive, Loveland, CO 80538

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Holland Law Office PC is a bankruptcy law firm serving the Greeley area. Its legal professionals are experienced in bankruptcy proceedings, including Chapter 7 and Chapter 13. The firm assists clients in filing for bankruptcy and advises them on utilizing bankruptcy exemptions to their advantage. Holland Law Office attorneys also help people rebuild their credit after bankruptcy. Owner and president Attorney Steven Holland is a member of the National Association of Consumer Bankruptcy Attorneys.

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The Salas Law Firm, LLC

4290 West 10th Street, Greeley, CO 80631

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Debt Settlement

The Salas Law Firm LLC helps debtors in Greeley and nearby areas create a path toward financial stability. The company helps clients file for Chapter 7 and Chapter 13 bankruptcy to discharge unsecured debt, such as medical bills, and avoid losing their property. Through bankruptcy petitions, debtors are offered a steady path out of debt and a chance to rebuild their credit. The Salas Law Firm handles probate law covering wills and trusts.

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Best Bankruptcy Attorneys in Greeley

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Bankruptcy Attorneys FAQs

24/7 Legal

Carlson Law Office

Holland Law Office P.C.

The Salas Law Firm, LLC

Frequently Asked Questions

Q: Can anyone file bankruptcy?

Q: How bad is it to file bankruptcy twice?

Q: Can they take my car in Chapter 7 bankruptcy?

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